- The energy research group IHS has released a report stating the benefits of U.S. oil exports. Advantages include an added domestic investment of $750 billion, fuel prices lowered by 8 cents a gallon, and an added 394,000 jobs.
- Congress enacted a ban on exports after price shocks from the 1973 Arab oil embargo.
- With the possibility of Russia cutting its natural gas and crude oil supply to Europe, there is a greater focus on the potential of U.S. energy.
- ETFs: USO, OIL, UCO, SCO, DTO, BNO, DBO, CRUD, USL, UWTI, DNO, DWTI, SZO, OLO, OLEM